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作者：Knight, B
作者单位：Brown University; National Bureau of Economic Research
摘要：This paper tests for die capitalization of policy platforms into equity prices using a sample of 70 firms favored under Bush or Gore platforms during the 2000 U.S. Presidential Election. Two sources of daily data during the six months leading up to the election are incorporated: firm-specific equity returns and the probability of a Bush victory as implied by prices from the Iowa Electronic Market. For this group of politically sensitive firms, the daily baseline estimates demonstrate that plat...
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作者：Lundin, M; Skedinger, P
作者单位：Research Institute of Industrial Economics (IFN); Uppsala University
摘要：Decentralisation of decision-making in labour market policy may increase efficiency, since local authorities have first-hand knowledge about local labour market problems. However, decentralisation may also be associated with fiscal externalities generating misallocation. The purpose of this study is to examine the effects of a Swedish pilot programme in 1996, which strengthened the role of the local authorities in labour market policy in certain regions. Our econometric findings do not indicat...
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作者：Dal Bó, E
作者单位：University of California System; University of California Berkeley
摘要：A fundamental problem for government is how to combine commitment to certain policies with the flexibility required to adjust them when needed. Rogoff (1985) [Rogoff, K., 1985. The optimal degree of commitment to an intermediate monetary target, Q. J. Econ. 100(4) 1169-1189] showed that a way to strike the right balance is to appoint an optimally conservative policy-maker. In real life, however, policy-makers also have power over decisions where optimal plans are time-consistent, so delegating...
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作者：Olken, BA
作者单位：National Bureau of Economic Research
摘要：This paper examines the degree to which the corruption in developing countries may impair the ability of governments to redistribute wealth among their citizens. Specifically, I examine a large antipoverty program in Indonesia that distributed subsidized rice to poor households. I estimate the extent of corruption in the program by comparing administrative data on the amount of rice distributed with survey data on the amount actually received by households. The central estimates suggest that, ...
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作者：Figlio, DN
作者单位：State University System of Florida; University of Florida; National Bureau of Economic Research
摘要：The recent passage of the No Child Left Behind Act of 2001 solidified a national trend toward increased student testing for the purpose of evaluating public schools. This new environment for schools provides strong incentives for schools to alter the ways in which they deliver educational services. This paper investigates whether schools may employ discipline for misbehavior as a tool to bolster aggregate test performance. To do so, this paper utilizes an extraordinary data set constructed fro...
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作者：Gibbons, S; Manning, A
作者单位：University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; University of London; London School Economics & Political Science
摘要：This paper estimates the incidence of the most important UK rent subsidy, housing benefit (HB). It exploits changes to housing benefit in 1996 and 1997 that reduced the maximum subsidy payable. The research design is based on the fact that the changes only applied to new claimants and not to pre-existing claimants. We use difference-in-differences to estimate the size of the treatment effect. We show that the changes did have an effect on the level of housing subsidy with all estimated fall of...
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作者：Klor, EF
作者单位：Hebrew University of Jerusalem
摘要：This paper develops a positive theory of overlapping income taxation in a federation of states. The analysis provides a complete characterization of the equilibrium federal and states tax rates as functions of the level of total productivity dispersion between the states. The federal rate is increasing in the level of total productivity dispersion between the states, even if the income of the decisive voter at the federal level is above the mean income. Given that the individuals' income is en...
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作者：Buckley, E; Croson, R
作者单位：Centers for Disease Control & Prevention - USA; CDC National Center for Health Statistics (NCHS); University of Pennsylvania
摘要：This paper examines the effect of income and wealth heterogeneity in the voluntary provision of a linear public good. We use models of inequality aversion and altruism to predict behavior in our setting. Our results are not consistent with these models, however; our experimental results suggest that less wealthy subjects give the same absolute amount (and more as a percentage of their income) as the more wealthy. (c) 2005 Elsevier B.V. All rights reserved.
